Current outcome
Binance Pay is live on Japan's PayPay QR payment network via HIVEX, enabling eligible overseas visitors to pay with crypto at participating merchants while merchants receive yen; Japan residents and certain merchant categories are excluded.
Progress timeline
2 material updates- #01
Binance Pay lets visitors spend USDT at PayPay merchants in Japan
Binance Pay now allows users to spend USDT directly at merchants on Japan's PayPay QR payment network, extending stablecoin payments into mainstream Japanese retail.
Source evidence: LCX Exchange
- #02
Japan’s biggest payment network opens its doors for crypto via Binance Pay
Added details: the integration runs through the HIVEX cross-border payment network, is restricted to identity-verified overseas visitors and excludes Japan residents; it supports 100+ cryptocurrencies, merchants receive yen, refund amounts can vary with exchange rates and FX spreads, and exclusions apply to some merchant categories.
State after update: Binance Pay is live on Japan's PayPay QR payment network via HIVEX, enabling eligible overseas visitors to pay with crypto at participating merchants while merchants receive yen; Japan residents and certain merchant categories are excluded.
Source evidence: CryptoSlate